# iShares USD Floating Rate Bond UCITS ETF USD (FLOA) **Page:** https://fundology.uk/fund/floa · ISIN IE00BDFGJ627 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, FLOA (iShares USD Floating Rate Bond UCITS ETF USD, ISIN IE00BDFGJ627) closed at $6.68 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +26.7%, or −1.1% after UK CPIH inflation. ## Summary iShares USD Floating Rate Bond UCITS ETF USD is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the Bloomberg US Floating Rate Notes (<5 Y). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **$6.68** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FLOA | | ISIN | IE00BDFGJ627 | | Category | Cash-like & short-term | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg US Floating Rate Notes (<5 Y) | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £3.3bn | | Launched | 2018 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/03/2018 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +3.91% | +0.23% | income reinvested | | 3 years | +8.27% | -2.18% | income reinvested | | 5 years | +26.69% | -1.11% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 +13.6%, 2023 +0.8%, 2024 +9.2%, 2025 −3.2%; 2026 to 13/11/2026 +5.5%. Returns of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +5.6%; to 30/09/2025: +4.8%; to 30/09/2024: −2.4%; to 30/09/2023: −4.0%; to 30/09/2022: +22.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +13.6% | +4.0% | Price | | 2023 | +0.8% | -3.2% | Price | | 2024 | +9.2% | +5.5% | Price | | 2025 | -3.2% | -6.5% | Price | | 2026 to 13/11/2026 | +5.5% | +2.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.44% | -4.11% | | 3 years | 6.24% | -9.26% | | 5 years | 7.67% | -11.70% | ## Largest fall Volatility of iShares USD Floating Rate Bond UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 5.4% over 1 year, 6.2% over 3 years, 7.7% over 5 years. Largest fall in the price of iShares USD Floating Rate Bond UCITS ETF USD since November 2021, in pounds: −11.7% from 23/09/2022 to 14/07/2023. The lowest 12-month return of iShares USD Floating Rate Bond UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −5.2% (12 months to 30/01/2026); the highest was +24.5% (12 months to 21/10/2022). On 13/11/2026 the price of iShares USD Floating Rate Bond UCITS ETF USD was at its highest weekly close since November 2021, in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Floating Rate Bond UCITS ETF USD 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). ## Funds tracking the same index 5 funds track Bloomberg US Floating Rate Notes (<5 Y), this one included and share classes counted once; their ongoing charges range from 0.10% to 0.15% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 0.12% | -2.8% | +6.3% | — | | iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 0.12% | +4.3% | +16.5% | +23.2% | | iShares USD Floating Rate Bond UCITS ETF Accum Hedged MXN | 0.15% | +5.3% | +18.1% | +83.4% | | iShares USD Floating Rate Bond UCITS ETF Unhedged USD | 0.10% | +3.0% | +7.2% | +27.2% | | iShares USD Floating Rate Bond UCITS ETF USD (this fund) | 0.10% | +3.9% | +8.3% | +26.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.10%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 06/11/2026, FLOA holds 561 positions, according to its published holdings. The largest is European Bank for Reconstruction A Mtn 4.27% 20/02/2028 at 1.15% of the fund; the ten largest make up 9.0%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | European Bank for Reconstruction A Mtn 4.27% 20/02/2028 | — | 1.15% | | 2 | European Bank for Reconstruction A Mtn 4.15% 16/02/2029 | — | 1.09% | | 3 | International Bank for Reconstruct Mtn 4.37% 19/08/2027 | — | 1.01% | | 4 | European Bank for Reconstruction A Mtn 4.34% 22/07/2030 | — | 0.90% | | 5 | Inter-American Development Bank Mtn 4.15% 15/02/2029 | — | 0.81% | | 6 | International Finance Corp Mtn 4.19% 28/08/2029 | — | 0.81% | | 7 | Kommunalbanken As Mtn 144A 4.41% 03/03/2028 | — | 0.81% | | 8 | International Bank for Reconstruct 4.23% 22/11/2028 | — | 0.80% | | 9 | International Finance Corp Mtn 4.29% 28/08/2028 | — | 0.80% | | 10 | Kommunalbanken As Mtn 144A 4.32% 09/04/2029 | — | 0.79% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector As published for the fund, as of 06/11/2026. | Sector | Weight | |---|---| | Banking | 47.1% | | Supranational | 20.2% | | Consumer Cyclical | 8.4% | | Owned No Guarantee | 6.2% | | Insurance | 4.5% | | Capital Goods | 3.0% | | Health Care | 2.8% | | Communication Services | 1.4% | | Other sectors | 6.5% | ### By country As published for the fund, as of 06/11/2026. | Country | Weight | |---|---| | United States | 35.6% | | Supranational | 19.6% | | Australia | 7.7% | | Canada | 5.7% | | Japan | 5.5% | | United Kingdom | 5.0% | | South Korea | 3.8% | | Germany | 2.7% | | Other countries | 14.4% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.4% | | Cash and money market | 0.6% | The 560 holdings on record (of 561 reported): https://fundology.uk/fund/floa/holdings ## Questions people ask **What is the ongoing charge of FLOA?** The ongoing charge of FLOA is 0.10% a year — about £10 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares USD Floating Rate Bond UCITS ETF USD 0.10% a year. Compared on 14/11/2026, 11 of the 43 other cash-like and short-term funds charge more, 14 the same and 18 less (share classes counted once). **What does FLOA track?** FLOA tracks the Bloomberg US Floating Rate Notes (<5 Y). **Is FLOA accumulating or distributing?** FLOA is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of FLOA?** The ISIN of FLOA is IE00BDFGJ627. An ISIN identifies one exact share class of a fund; FLOA is its ticker on the London Stock Exchange. **What does FLOA hold?** As of 06/11/2026, FLOA holds 561 positions, according to its published holdings. The largest is European Bank for Reconstruction A Mtn 4.27% 20/02/2028 at 1.15% of the fund; the ten largest make up 9.0%. Its ten largest holdings are European Bank for Reconstruction A Mtn 4.27% 20/02/2028 (1.15%), European Bank for Reconstruction A Mtn 4.15% 16/02/2029 (1.09%), International Bank for Reconstruct Mtn 4.37% 19/08/2027 (1.01%), European Bank for Reconstruction A Mtn 4.34% 22/07/2030 (0.90%), Inter-American Development Bank Mtn 4.15% 15/02/2029 (0.81%), International Finance Corp Mtn 4.19% 28/08/2029 (0.81%), Kommunalbanken As Mtn 144A 4.41% 03/03/2028 (0.81%), International Bank for Reconstruct 4.23% 22/11/2028 (0.80%), International Finance Corp Mtn 4.29% 28/08/2028 (0.80%) and Kommunalbanken As Mtn 144A 4.32% 09/04/2029 (0.79%). **What were FLOA’s returns in each of the last five years?** Calendar-year returns of FLOA in pounds (price, with income reinvested in the fund): 2022 +13.6%, 2023 +0.8%, 2024 +9.2%, 2025 −3.2%; 2026 to 13/11/2026 +5.5%. Past performance is not a guide to future returns. **How has FLOA done after inflation?** Over the five years to 13/11/2026 FLOA’s total return was +26.7%, or −1.1% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/295859/ishares-floating-rate-bond-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-floating-rate-bond-ucits-etfs-usd-acc-gb-ie00bdfgj627-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/floa-ishares-floating-rate-bond-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.